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LOOK This Massive 288 Acre Property in Grover, Wyoming Has It ALL
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LOOK This Massive 288 Acre Property in Grover, Wyoming Has It ALL
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Real estate market starts strong
Jackson Hole real estate sales continued to thrive during the first quarter in the face of pandemic and national economic worries.
Katie Brady of Jackson Hole Real Estate Associates, the local Christieâs affiliate, noted 48 sales in March as economic woes in other parts of the United States appear to have continued to drive the demand for property in Jackson Hole and nearby. Brady said that the number of deals was âmore than double the number of sales last Marchâ and that âtotal sales volume increased from $18 million to $156 million.â
The total was driven by an average sales price that topped $3 million for the third time in the past five months, Brady said.
For many young working people, buying a home in the Jackson Hole area is a daunting prospect, whether theyâre scraping together a down payment or contemplating how to afford mortgage payments in a pricey real estate market.
During a housing webinar hosted last week by Young Professionals of the Tetons, a Jackson Hole Chamber of Commerce group for ages 21 to 40, experts on Jacksonâs free-, workforce and affordable housing markets offered them some rays of hope as well as some suggestions for how to get their act together to become a homeowner.
David NeVille, associate broker with The NeVille Group at Jackson Hole Real Estate Associates, told the audience that the minimum price for a single-family home last year was $400,000, and the cheapest condo was $315,000, with median prices of $2.5 million and $867,000. Single-family home inventory is currently down to 50, âwhich is absolutely nothing,â he said, and condo inventory is low too.
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